Severin Investments LLC Cuts Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Severin Investments LLC cut its AMD stake by 31.8% in the fourth quarter, selling 1,211 shares and leaving it with 2,599 shares valued at about $557,000.
• AMD stock was down 1.7% in Thursday trading, and despite its high valuation, the company continues to show strong operational momentum with a market cap above $808 billion and solid liquidity metrics.
• AMD’s latest earnings beat expectations, with EPS of $1.37 versus $1.29 expected and revenue of $10.25 billion, up 37.8% from a year earlier. Analysts remain largely bullish, with several firms raising price targets and maintaining buy ratings.

Severin Investments LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 31.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,599 shares of the semiconductor manufacturer's stock after selling 1,211 shares during the quarter. Severin Investments LLC's holdings in Advanced Micro Devices were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Koesten Hirschmann & Crabtree INC. raised its position in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares during the period. Key Capital Management INC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $38,000. PFS Partners LLC raised its position in Advanced Micro Devices by 269.2% in the fourth quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer's stock valued at $41,000 after purchasing an additional 140 shares during the period. Finally, Aviso Financial Inc. raised its position in Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 160 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 1.7%

NASDAQ:AMD opened at $495.54 on Thursday. The company has a market capitalization of $808.03 billion, a price-to-earnings ratio of 162.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.40. Advanced Micro Devices, Inc. has a one year low of $108.62 and a one year high of $510.21. The stock has a 50-day simple moving average of $315.01 and a 200 day simple moving average of $251.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s data center business remains a major growth engine, with one recent write-up highlighting 57% year-over-year data center revenue growth to $5.78 billion, driven by EPYC CPU demand and ramping Instinct AI products. Article title
• Positive Sentiment: AMD got a lift from a new OneQode collaboration to deploy AMD Instinct MI355X GPUs and plan for AMD’s Helios rack-scale solution, reinforcing demand for its AI infrastructure products. Article title
• Positive Sentiment: Analyst commentary remains constructive, with multiple recent notes describing AMD as a beneficiary of the AI spending cycle and highlighting upside tied to continued data center and CPU gains. Article title
• Neutral Sentiment: Some articles focused on AMD’s rapid valuation expansion and the question of whether the stock can become a trillion-dollar company, which keeps expectations high but does not change the near-term growth story. Article title
• Negative Sentiment: Sentiment was pressured by reports that Cathie Wood continued trimming AMD exposure, and by concerns that Nvidia could move into the standalone server CPU market, increasing competitive pressure on AMD’s growth areas. Article title Article title

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares of the company's stock, valued at $1,346,286,223.49. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 329,085 shares of company stock valued at $114,051,007 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AMD. Bank of America raised their price objective on Advanced Micro Devices from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Wolfe Research began coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They set a "peer perform" rating for the company. Zacks Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 5th. Erste Group Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Thursday, April 2nd. Finally, KeyCorp raised their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $410.00.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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